Geomatics Market Projected to Surpass USD 21.83 Billion by 2032 with a Robust 11.5% CAGR


 

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Geomatics is a multidisciplinary field focused on acquiring, analyzing, managing, and visualizing geospatial data. It utilizes technologies like GIS, GPS, and remote sensing for applications in urban planning, environmental management, disaster management, and more. Geomatics professionals create maps and models to aid in decision-making across various industries, supporting effective resource and infrastructure management.

Browse key industry insights spread across 210 pages with 100 market data tables and figures & charts from the report on "Global Geomatics Market Size, Share, and COVID-19 Impact Analysis, By Product (Hardware, Software, and Services), By End-User (Transport and Logistics, Agriculture, Construction, Mining and Geology, Oil and Gas, Aerospace and Defense, Government, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032".

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Growth Trends in Geomatics Market

The software segment in the geomatics market is projected to grow at a robust CAGR of 13.4% due to increasing demand for advanced software solutions, cloud-based scalability, and the integration of geospatial analytics and AI technologies. This segment benefits from its ability to process, analyze, and visualize large geospatial datasets, making it highly adaptable and preferred across industries.

The transport & logistics sector is expected to grow at a CAGR of 12.7%. This growth is fueled by the use of geospatial technologies for route optimization, fleet management, and supply chain efficiency, as well as the adoption of autonomous vehicles and drones. The sector’s focus on sustainability and environmental regulations further drives the demand for advanced geomatics solutions.

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Asia-Pacific Geomatics Market Poised for Rapid Growth

The Asia-Pacific region is expected to grow at a strong CAGR of around 13.5% in the geomatics market. This growth is driven by rapid urbanization, infrastructure development, and rising demand across sectors like transportation, logistics, agriculture, and construction. Favorable government policies, investments in geospatial infrastructure, and the adoption of advanced technologies such as AI and IoT are further fueling this expansion. The region's dynamic economy and increasing awareness of geospatial solutions make it the fastest-growing segment in the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global geomatics market include Esri, Trimble Inc., Hexagon AB, Autodesk Inc., Bentley Systems, Inc., Leica Geosystems AG, Topcon Corporation, The Schneider Corporation, Fugro N.V., Harris Geospatial Inc., SuperMap Software Co., Ltd., TomTom NV, PASCO Corporation, DigitalGlobe Inc., and Teledyne Technologies Inc.

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Recent Developments                       

  • In September 2022, CATALYST has announced its collaboration with Microsoft's AI for Earth initiative, which enables simplified access to earth data. Through this partnership, Microsoft is leveraging CATALYST's trusted scientific expertise to provide researchers and decision-makers worldwide with foundational, terrain-corrected Sentinel-1 imagery through the Planetary Computer platform. This collaboration has streamlined the process of accessing earth data and empowered users to utilize CATALYST's reliable science for various applications related to environmental research and decision-making.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global geomatics market based on the below-mentioned segments:

 

Geomatics Market, By Product

  • Hardware
  • Software
  • Services

 

Geomatics Market, By End-User

  • Transport and Logistics
  • Agriculture
  • Construction
  • Mining and Geology
  • Oil and Gas
  • Aerospace and Defense
  • Government
  • Others

 

Geomatics Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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